Core Viewpoint - The announcement details the lifting of restrictions on 176,000,000 shares of Shenzhen Zhimi Intelligent Technology Co., Ltd, which will be available for trading starting August 15, 2025, following compliance with relevant regulations and shareholder commitments [1][8][12] Group 1: Share Issuance and Capital Changes - The company received approval from the China Securities Regulatory Commission for its initial public offering (IPO), issuing 61,750,000 shares, with total shares increasing from 246,965,000 to 249,744,000 after granting restricted stock [1][5] - Following the repurchase and cancellation of 15,300 shares due to departing employees, the total shares decreased to 249,591,000 [2] - Further cancellations of restricted shares due to employee departures reduced the total shares to 248,862,500 [3][4] Group 2: Shareholder Commitments and Compliance - The shareholders applying for the lifting of restrictions, Yuan Weiwei and Guo Xuhui, have adhered to their commitments regarding share transfers, including a limit of 25% of their holdings per year and restrictions on transfers within six months of leaving the company [7][10] - The shareholders have not engaged in any non-operational use of company funds or received any illegal guarantees from the company [8][11] Group 3: Changes in Share Structure - After the lifting of restrictions, the proportion of restricted shares will decrease from 70.23% to 52.76%, while unrestricted shares will increase from 29.77% to 47.24% [11] - The total share capital remains at 251,828,468 shares post-adjustment [11][12] Group 4: Regulatory Compliance - The sponsor institution has confirmed that the lifting of restrictions complies with relevant laws and regulations, and the shareholders have fulfilled their commitments made during the IPO [12]

证券代码：001339 证券简称：智微智能 公告编号：2025-077 深圳市智微智能科技股份有限公司 关于首次公开发行前已发行股份解除限售上市流通的提示 性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次解除限售的股份为深圳市智微智能科技股份有限公司（以下简称"公 司"或"智微智能"）首次公开发行前已发行的部分股份。本次解除限售股东数 量共计 2 名，解除限售股份的数量为 176,000,000 股，占公司目前总股本的 69.8888%。 年股票期权与限制性股票激励计划限制性股票预留授予登记完成的公告》（公告 编号：2024-004），向符合条件的 2 名激励对象授予 58.70 万股限制性股票，并 于 2024 年 1 月 19 日上市。公司总股本由 249,157,000 股变更为 249,744,000 股， 注册资本由人民币 249,157,000 元变更为人民币 249,744,000 元。 2024 年 4 月 24 日，公司第二届董事会第八次会议和第二届监事会第六次会 议审议通过了《关于调整回购价格及回购注销部分限制性 ...

中信证券股份有限公司 关于深圳市智微智能科技股份有限公司首次公开发行前已 发行股份解除限售上市流通的核查意见 中信证券股份有限公司（以下简称"保荐机构"）作为深圳市智微智能科技 股份有限公司（以下简称"智微智能"、"公司"）首次公开发行股票并上市及 持续督导的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》 等有关规定，对智微智能首次公开发行前已发行股份部分解除限售并上市流通事 项进行了核查，核查情况如下： 一、首次公开发行前已发行股份概况及上市后股本变动概况 经中国证券监督管理委员会《关于核准深圳市智微智能科技股份有限公司首 次公开发行股票的批复》（证监许可〔2022〕1501 号）核准，并经深圳证券交易 所同意，公司向社会公开首次发行人民币普通股（A 股）61,750,000 股，公司股 票于 2022 年 8 月 15 日在深圳证券交易所上市。公司首次公开发行前总股本为 185,215,000 股，首次公开发行后总股本为 246,965,0 ...

Market Performance - The computer equipment sector rose by 1.46% on August 13, with Chunzhong Technology leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Gainers - Chunzhong Technology (603516) closed at 102.30, up 10.00% with a trading volume of 109,500 shares [1] - China Greatwall (000066) closed at 17.50, up 9.99% with a trading volume of 5,501,500 shares [1] - Luopute (619889) closed at 16.35, up 9.00% with a trading volume of 71,800 shares [1] Other Notable Performers - Jiayuan Technology (301117) closed at 42.63, up 4.79% with a trading volume of 130,670 shares [1] - Zhongrun Optics (688307) closed at 38.15, up 4.38% with a trading volume of 59,500 shares [1] - Inspur Information (000977) closed at 58.39, up 3.80% with a trading volume of 1,136,600 shares [1] Market Capital Flow - The computer equipment sector saw a net inflow of 611 million yuan from institutional investors, while retail investors contributed a net inflow of 305 million yuan [2] - However, speculative funds experienced a net outflow of 916 million yuan [2] Individual Stock Fund Flow - China Greatwall had a net inflow of 111.9 million yuan from institutional investors, but a net outflow of 609 million yuan from speculative funds [3] - Inspur Information saw a net inflow of 24.6 million yuan from institutional investors, with a net outflow of 296 million yuan from speculative funds [3] - Chunzhong Technology experienced a net inflow of 75.6 million yuan from institutional investors, while speculative funds had a net outflow of 37.3 million yuan [3]

Core Viewpoint - The report from Pacific Securities highlights that Zhiwei Intelligent achieved a net profit attributable to shareholders of 102 million yuan in the first half of 2025, representing a year-on-year growth of 80.08%, indicating sustained high growth driven by AI advancements [1] Group 1: Financial Performance - Zhiwei Intelligent's net profit for the first half of 2025 reached 102 million yuan, marking an 80.08% increase compared to the previous year [1] - The company is expected to maintain strong performance with projected EPS of 0.85 yuan, 1.23 yuan, and 1.58 yuan for the years 2025, 2026, and 2027 respectively [1] Group 2: Industry Trends - The growth in computing power demand and the positive development of industry leaders like NVIDIA are anticipated to continue driving the company's performance [1] - The company is launching multiple new AI products targeting various platforms, including Intel, NVIDIA, AMD, and domestic brands such as Rockchip, Haiguang, Longxin, and Feiteng [1] Group 3: Product Offerings - Zhiwei Intelligent has introduced various AI terminal products, including AIPC, AIBOX, and AIOPS, catering to different market needs [1] - The company provides AI servers, AI workstations, and AI integrated computing machines for ICT infrastructure [1] - For intelligent computing services, Zhiwei has launched the Tengyun HAT cloud platform, offering flexible leasing services [1] Group 4: Business Growth - The intelligent computing business and industrial IoT sectors of the company are experiencing rapid growth [1]

Group 1 - The core viewpoint of the article is that Pacific Securities has given a "buy" rating for Zhimi Intelligent (001339.SZ) based on its strong growth in intelligent computing and excellent performance in the industrial Internet of Things [2] - The report highlights that Zhimi Intelligent continues to experience high growth, particularly in its intelligent computing segment [2] - The company has launched multiple new products aimed at artificial intelligence, indicating a strategic focus on innovation and market expansion [2]

Robotics - Upbeat Electronics currently has no product layout in the robotics field [1] - New Times plans to launch an embodied intelligent welding solution in September this year [1] - Zhongke Magnetic Industry has established cooperation with ultra-lightweight humanoid robotic arm industry clients [1] - Zhiwei Intelligent has launched a robot brain control product line based on Nvidia Jetson and other chip platforms [1] - Daili New Materials has verified its robotic tendon samples with several domestic related manufacturers [1] - Tongda Hai is actively promoting native development and compatibility adaptation work based on the CANN ecosystem [1] AI and Large Models - Guoguang Electric values the research and development of new AI headphone products but has not yet achieved mass production [1] - Juxin Technology continues to build a low-power AI computing power platform, gradually expanding to more application scenarios beyond audio [1] - Heertai's tactile human body screen technology has been applied in the company's smart body-sensing clothing project [1] Solid-State Batteries - Del's shares have established a sample trial production line for solid-state batteries in Shanghai [1] - Tianhua New Energy has completed the research and development of lithium-rich manganese-based positive materials and sent samples for evaluation to multiple solid-state battery customers [1] Other Developments - Cambrian has denied rumors regarding large orders for carrier boards from a certain manufacturer [1] - Jiaxun Feihong has not collaborated with Huawei in the eSIM card communication module field [1] - Weifeng Electronics currently has products applied in the server power control field [1] - Saiteng Co., Ltd. has already delivered HBM equipment in batches [1] - Lens Technology is currently cooperating with customers to develop the next generation of cover glass [1] - Metro Design has developed a smart planning platform for urban rail transit based on multi-source data, which has been promoted in multiple cities [1] - Chongde Technology's dynamic pressure oil film sliding bearing products are mainly used in energy generation, industrial drive, petrochemical, and shipping fields [1] - Leyard provides display solutions for the "Panda Eye" training base [1] - Pengling Co., Ltd. has received mass production orders for its thermal management project from SAIC Passenger Vehicle [1]

智微智能在互动平台表示，公司针对具身智能推出了基于Nvidia Jetson、Intel Ultra、Rockchip等核心芯 片平台的大小脑控制器产品线，可广泛应用于工业机器人、AGV/AMR移动机器人、服务类机器人、人 形机器人等多种应用场景。 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 60.48 CNY, maintaining the rating [5]. Core Insights - The company reported a total revenue of 1.947 billion CNY for the first half of 2025, representing a year-on-year growth of 15.29%, and a net profit attributable to shareholders of 102 million CNY, which is an increase of 80.08% compared to the previous year [1]. - The rapid growth in the company's intelligent computing and industrial IoT businesses is attributed to the development of the AI industry, with significant increases in server and intelligent computing business revenues [2][4]. - The company has established deep partnerships with leading enterprises in various sectors, including automotive and industrial automation, enhancing its market position [3]. Financial Performance - For the first half of 2025, the intelligent computing business generated 298 million CNY in revenue, a remarkable increase of 146.37%, while the industrial IoT business achieved 145 million CNY, growing by 126.38% [2]. - The company expects revenues of 4.735 billion CNY, 5.565 billion CNY, and 6.454 billion CNY for the years 2025, 2026, and 2027 respectively, with net profits projected at 254 million CNY, 483 million CNY, and 716 million CNY for the same years [9][11]. Market Position and Strategy - The company aims to become a comprehensive service provider for the entire lifecycle of AIGC infrastructure, offering end-to-end services in AI computing [2][4]. - The industrial IoT segment includes core products such as industrial control motherboards and machine vision systems, which are being integrated into the Harmony ecosystem to enhance compatibility and adaptability [3]. Future Outlook - The company is positioned to benefit from the trends in AI computing, AIPC, industrial IoT, and robotics, with multiple product lines expected to grow rapidly [9]. - The projected earnings per share (EPS) for 2025 is 1.01 CNY, with a price-to-earnings (P/E) ratio of 52.61 [11].

Group 1: Company Insights - The report highlights BGI Genomics (华大智造) as a leading domestic gene sequencer, with significant progress in both domestic and international markets, driven by its DNBSEQ technology [9][10] - The global gene sequencer and reagent market is projected to grow at a compound annual growth rate (CAGR) of 16.8%, reaching USD 20.2 billion by 2032, indicating a robust expansion opportunity for the company [9] - The company is expected to see revenue growth from CNY 36.06 billion in 2025 to CNY 49.32 billion in 2027, with a net profit forecasted to increase from CNY 0.07 billion to CNY 2.94 billion during the same period [11] Group 2: Industry Trends - The gene sequencing technology is rapidly expanding into various downstream applications, including clinical medicine, research, and personal consumption, enhancing the overall industry landscape [9] - The AI education sector is witnessing a surge, with companies like Duolingo reporting better-than-expected earnings, suggesting a positive trend for domestic AI education products [19] - The renewable energy sector, particularly in solar and wind, is experiencing price recovery due to policy support and market dynamics, with significant opportunities for companies involved in these industries [21][22] Group 3: Market Performance - The consumer services sector in the A-share market saw a 4.59% increase in July, driven by AI-related stocks and quality consumption trends [16] - The AIDC (Artificial Intelligence Data Center) power equipment sector is benefiting from increased capital expenditures by major internet companies, indicating a strong demand for related technologies [25] - The solid-state battery industry is progressing with various companies announcing advancements in production and application, reflecting a growing market for innovative battery technologies [31]